Norman Black News
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FedEx Corp. will have to fend off competition from United Parcel Service Inc. to keep a contract valued at more than $1 billion with its largest customer, the money-losing U.S. Postal Service.
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United Parcel Service Inc. made three flights to Madrid and one to Istanbul overnight to get its first express shipments by plane into continental Europe since volcanic ash disrupted air travel.
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United Parcel Service Inc. is seeking to reach an agreement to buy TNT Express NV as soon as next week after making progress in discussions on jobs and pensions, according to two people with knowledge of the talks.
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With the U.S. government on the verge of a historic default, the country’s largest business lobbying group took to the halls of Congress last week to press lawmakers to support the Panama Free-Trade Agreement.
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Companies including Ceva Group Plc may be fined by European Union regulators for price-fixing in the freight-forwarding market, according to two people familiar with the matter.
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British Airways Plc said European carriers are seeking compensation as unprecedented airspace closings following the volcanic eruption in Iceland cost the industry an estimated $300 million a day in lost sales.
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Microsoft Corp .’s repair operations for Xbox units ground to a halt in Japan ’s Fukushima prefecture when the earthquake knocked out power. Then the lights came on to reveal another hurdle: Shipments of the game consoles had been impaired after the disaster two weeks ago.
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United Parcel Service Inc. and FedEx Corp., the biggest package-delivery companies, said they intend to resume normal operations tomorrow as damage from Tropical Storm Irene permits.
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Not far from where Federal Reserve Chairman Ben S. Bernanke grew up, a revolution inside a Campbell Soup Co. plant explains why U.S. corporations are piling up profits -- with little need to hire more people.
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United Parcel Service Inc. isn’t interested in buying TNT NV’s parcel business while expanding in Europe’s private-customer market, Capital magazine reported , citing Chief Executive Officer Scott Davis .
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